Avantium and R&F Chemical partner to market high-value PEF in South Korea
Avantium Renewable Polymers, a business division within the Netherlands-based bioprocess technology developers Avantium N.V., and South Korean chemical major R&F Chemical announce their marketing and development partnership for high-value markets for polyethylene furanoate (PEF) in electronics and smart packaging in South Korea.
According to Avantium, this partnership is further validation of Avantium’s strategy to focus on high-value applications for polyethylene furanoate (PEF) for its 5 000 Flagship Plant with a planned opening in 2023, announced on the Technology & Markets Day of Avantium in June 2019.
With the announced partnership of R&F Chemical with Avantium Renewable Polymers, Avantium has expanded its relationship with R&F Chemical into the area of PEF, a 100 percent plant-based and fully recyclable performance polymer-based on Avantium’s proprietary YXY plants-to-plastics technology.
We are honoured to work together with Avantium to make Avantium’s PEF available to high-value performance products in South Korea. PEF has the capacity to significantly improve the performance and sustainability of our customers’ end products, said Peter Park, CEO of R&F Chemical.
The Catalysis business unit of Avantium already joined forces with R&F Chemical in 2018 to boost its Catalysis business in South Korea. R&F Chemical brings a long-standing and excellent network in polymers and chemicals in South Korea, which has highly-advanced performance materials- and chemical sectors.
Through R&F Chemical, Avantium Renewable Polymers expects to enter this market for high-value applications such as electronics and smart packaging.
Avantium Renewable Polymers sees a fast-growing interest for PEF in high-value markets across the globe. R&F Chemical is highly respected as a leader in the development and marketing of high-performance sustainable plastics. The South Korean industry is deeply committed to innovation. We are therefore very pleased to enter into a partnership with R&F Chemical who brings us access to important market players in South Korea, said Marcel Lubben, Managing Director of Avantium Renewable Polymers.